Unifi Protocol DAO USD Stock Forecast
High volatility in Unifi Protocol DAO USD stock price on Saturday which ended trading at $4.13
(Updated on Jun 22, 2024)
The Unifi Protocol DAO USD stock price fell by -4.79% on the last day (Saturday, 22nd Jun 2024) from $4.34 to $4.13. During the last trading day the stock fluctuated 14.66% from a day low at $4.02 to a day high of $4.61. The price has been going up and down for this period, and there has been a 7.24% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 25 million shares were bought and sold for approximately $102.76 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.83% during the next 3 months and, with a 90% probability hold a price between $1.23 and $3.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UNFIUSD Signals & Forecast
There are mixed signals in the stock today. The Unifi Protocol DAO USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.24 and $4.40. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 17.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Unifi Protocol DAO USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.84 and $3.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Unifi Protocol DAO USD finds support just below today's level at $3.84. If this is broken, then the next support from accumulated volume will be at $3.81 and $3.75.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.589 between high and low, or 14.66%. For the last week, the stock has had daily average volatility of 14.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNFIUSD) For The Upcoming Trading Day Of Sunday 23rd
For the upcoming trading day on Sunday, 23rd we expect Unifi Protocol DAO USD to open at $4.25, and during the day (based on 14 day Average True Range), to move between $3.71 and $4.55, which gives a possible trading interval of +/-$0.423 (+/-10.24%) up or down from last closing price. If Unifi Protocol DAO USD takes out the full calculated possible swing range there will be an estimated 20.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.27 (3.44%) than the support at $3.84 (7.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Unifi Protocol DAO USD stock A Buy?
Unifi Protocol DAO USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.948 Sell Candidate Unchanged
Predicted Opening Price for Unifi Protocol DAO USD of Sunday, June 23, 2024
| Fair opening price June 23, 2024 | Current price |
|---|---|
| $4.25 ( 2.93%) | $4.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNFIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.84 | 17.18% |
| R2 | 4.62 | 11.74% |
| R1 | 4.48 | 8.37% |
| Price | 4.13 | |
| S1 | 4.03 | -2.52% |
| S2 | 3.89 | -5.88% |
| S3 | 3.66 | -11.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.10 | 23.50% |
| R2 | 4.28 | 3.53% |
| R1 | 4.27 | 3.44% |
| Price | 4.13 | |
| S1 | 3.84 | -7.09% |
| S2 | 3.81 | -7.79% |
| S3 | 3.75 | -9.15% |
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